Saturday, September 9. 2017

Southampton has approved that the Chinese businessman Gao Jisheng has finished a multi-million-pound takeover of the team, obtaining an 80% stake for approximately £ 210m after successfully passing the applicable checks, such as the Premier League's owners and directors evaluation. The deal ends over 12 months of discussions between the Gao family and the south coast club. Gao and his daughter Nelly is making personally the investment instead of being chased through Lander Sports, as mooted. Hangzhou-based Lander is the business arm, which develops, constructs and manages sports websites of your family. We knows the decision to change the structure of the deal to use his wealth of Gao was because of desire. This deal is structured to the one completed by the late businessman Markus Liebherr, when Saints were rescued by him, then from the government in 2009, in League One. He purchased the club not, and for about £ 14m via his group of technology companies, Mali Holdings.

Southampton is convinced the Gao family will continue to build upon the progress made under the present management arrangement, which has sustained football. "As a team, we'll try to build upon the strong foundation that's set up towards sustainable long-term success," Liebherr said in a declaration issued to fans on Monday. "Today is the beginning of a new and exciting chapter for our team. Mrs. Nelly Gao, his daughter and Mr. Jisheng Gao, with whom a relationship that is close has been built by me, discuss ambitions and our values. We wholeheartedly support their strategies to follow 'the Southampton manner' in the years ahead." In January, in a rare public utterance issued to fans, Liebherr stated: "The Premier League is competitive, we will need to keep moving ahead and look to new markets for industrial expansion, innovation and also to share our journey." agen sbobet

"I'm honored and humbled to be an associate of Southampton football club alongside Katharina Liebherr, who, unitedly with her father, has been such a wonderful steward of the club, its success, and growth," Gao, the 64-year-old new majority stakeholder, stated. Southampton would be the next Premier League club to draw major Chinese investment, with West Bromwich Albion offered to a group headed by the entrepreneur Guochuan Lai last September. Manchester City offered a stake to a consortium of investors that were Chinese.

A Premier League spokesperson stated: "As with any change of management in a Premier League club, we've assessed the sources and sufficiency of funding in place to get the shares and be presented with a detailed business plan showing the new owners may sustain the club moving forward. We also have run the Owners' and Managers' Test which includes background checks on any person proposing to be a manager on the club's board or to acquire over 30% of stocks in a club. This is a very rigorous process and we've worked with Katharina Liebherr and her advisors to make sure all Premier League rules are adhered to."

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